(REPRINTED WITH ADOPTED AMENDMENTS)

 

Senate Bill No. 380–Senator Schneider

 

March 19, 2001

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Referred to Committee on Commerce and Labor

 

SUMMARY—Revises provisions relating to contractors. (BDR 32‑944)

 

FISCAL NOTE:            Effect on Local Government: No.

                                    Effect on the State: No.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to contractors; eliminating the duty of a contractor to require proof of payment of the business tax from a subcontractor with whom he has a contract; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1    Section 1. NRS 364A.340 is hereby amended to read as follows:

1-2    364A.340  A person who:

1-3    1.  Is required to be licensed pursuant to chapter 624 of NRS; and

1-4    2.  Contracts with a subcontractor who is required to be licensed

1-5  pursuant to that chapter and to have a business license and pay the tax

1-6  imposed by this chapter,

1-7  shall require proof that the subcontractor has a business license [and has

1-8  paid the tax imposed by this chapter] before commencing payments to the

1-9  subcontractor. For the purposes of this section, a subcontractor proves that

1-10  he has a business license [and has paid the tax imposed by this chapter by

1-11  presenting a receipt for or other evidence that he made the last quarterly

1-12  payment required pursuant to this chapter.] by submitting a copy of the

1-13  business license to the contractor.

1-14    Sec. 2.  Section 2 of Assembly Bill No. 656 of this session is hereby

1-15  repealed.

1-16    Sec. 3.  This act becomes effective on July 1, 2001.

 

2-1  TEXT OF REPEALED SECTION

 

2-2    NRS 364A.340 is hereby amended to read as follows:

2-3    364A.340  A person who:

2-4    1.  Is required to be licensed pursuant to chapter 624 of NRS; and

2-5    2.  Contracts with a subcontractor who is required to be licensed

2-6   pursuant to that chapter and to have a business license and pay the tax

2-7   imposed by this chapter,

2-8  shall require proof that the subcontractor has a business license and has

2-9   paid the tax imposed by this chapter before commencing payments to the

2-10   subcontractor. For the purposes of this section, a subcontractor proves that

2-11   he has a business license and has paid the tax imposed by this chapter by

2-12   presenting a receipt for or other evidence that he made the last [quarterly]

2-13   payment required pursuant to this chapter.

 

2-14  H